Bottom line
- Total investment $195K – $413K including a $23K franchise fee, 8.0% ongoing royalty.
- Average unit revenue of $1.3M/year (median $846K).
- Rated STRONG with a risk score of 49/100. SBA loan default rate of 0.0% across 35 loans (below the industry average).
- 15 litigation matters disclosed in Item 3 — higher than typical. Review the summary for patterns (franchisor-initiated vs. franchisee-initiated).
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one Next Day Access unit return on the cash you put in?
Unlevered ROIC · per unit
43%
In Yale's "attractive" band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Next Day Access units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$1.6M
on $8.1M purchase
Total debt
$6.4M
SBA $4.0M + senior + seller note
Overview
About
Next Day Access appears to operate in healthcare/medical records access or patient advocacy services, helping patients obtain timely access to medical records and related documentation. Franchisees manage day-to-day client relationships, coordinate with healthcare providers, handle administrative requests, and likely manage a small local team serving their protected territory.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 26 states reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
26
states with franchisees (per FDD Item 12)
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Contracting franchise system with unresolved litigation, regulatory violations, and undisclosed profitability metrics presents elevated risk despite reasonable average revenue figures.
Score breakdown · what drove the 49 / 100 rating
- 01MEDSignificant unit decline: 91 units represents 18% YoY contraction, indicating system stress and potential franchisee dissatisfaction
- 02MINORNo Item 19 (net income) disclosure despite $1.34M average revenue—prevents accurate ROI analysis and suggests profitability concerns
- 03HIGHLitigation pattern: Multiple breach of contract, non-payment, and non-compete violations indicate franchisor-franchisee relationship dysfunction
- 04MINORRegulatory history: 2012 FTC complaint and 2010 unregistered franchise sales violations show compliance and transparency issues
- 05MINORHigh initial investment ($194.5K-$412.9K) combined with declining unit base increases failure risk for new franchisees
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
64 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Next Day Access · FDD (2026) PDF